HDFC Life Sampoorn Nivesh
HDFC Life Sampoorn Nivesh is a unit-linked insurance plan (ULIP) where the returns are linked to the market performance. The plan offers 3 benefit options to choose from and reduced premium allocation charge on investing higher premium amount.
Key Features
Flexibility to choose your investment term from 10 to 25 years
Choice of 3 Benefit Options to suit your financial requirements
Option of accidental death benefit through Extra Life Option
Loyalty additions to enhance your Fund Value after 10 years
Reduced premium allocation charge on investing higher premium amount
Benefits
HDFC Life Sampoorn Nivesh provides 3 Benefit Options to choose from based on your requirement:
- Classic
- Classic Plus
- Classic Waiver
In case of the Life Assured’s unfortunate demise during the policy term, we will pay a lump sum amount to the nominee as mentioned below:
- Death Benefit under Classic Option will be highest of:
- Sum Assured,
- Fund Value,
- 105% of the premium(s) paid - Death Benefit under Classic Plus Option will be higher of:
- Sum Assured + Fund Value,
- 105% of the premium(s) paid
3.Death Benefit under Classic Waiver Option will be higher of:
- Sum Assured,
- 105% of the premium(s) paid
Plus
Modal premium will be payable by HDFC Life to the Fund on Premium Due Date and the policy will be in force.
Plus
Fund Value will be payable on Maturity
This benefit is only available under Classic Benefit Extra Life Option. In case of death due to accident during the term of the policy, an Additional Benefit equal to Sum Assured is payable in addition to the Death Benefit payable under Death Benefit options mentioned above.
On survival till the end of policy term, you will receive your Fund Value as Maturity Benefit
Guaranteed Loyalty Additions from 10th policy year
Reduced Allocation Charge
Reduced Premium Allocation Charge by investing higher premium
Tax Benefit available for premiums paid as per Section 80C and benefit amount received as per Section 10(10D) of Income Tax Act, 1961
Tax Benefit
Tax Benefit available for premiums paid as per Section 80C and benefit amount received as per Section 10(10D) of Income Tax Act, 1961
Eligibility
| Parameters | Minimum | Maximum |
| Premiums | Single: Rs. 24,000 Annual: Rs. 24,000 Half-yearly: Rs 12,000 Quarterly: Rs 6,000 Monthly: Rs 2,000 |
No Limit |
| Policy Term | 10, 15, 16, 17, 18, 19 and 20 years | |
| Premium Payment Term | Single : One-time payment Limited : 5, 7 and 10 years Regular: 10, 15 to 25 years |
|
| Classic (Life) Option | |||
| Minimum | Maximum (5 Pay) | Maximum (Other than 5 Pay) | |
| Age at Entry | 18 years | 53 years | 58 years |
| Age at Maturity | 28 years | 63 years | 68 years |
| Classic (Extra Life) Option | |||
| Minimum | Maximum (5 Pay) | Maximum (Other than 5 Pay) | |
| Age at Entry | 18 years | 53 years | 58 years |
| Age at Maturity | 28 years | 63 years | 68 years |
| Classic Plus Option | |||
| Minimum | Maximum (5 Pay) | Maximum (Other than 5 Pay) | |
| Age at Entry | 0 years (30 days) | 48 years | 50 years |
| Age at Maturity | 18 years | 58 years | 60 years |
| Classic Waiver Option | |||
| Minimum | Maximum (5 Pay) | Maximum (Other than 5 Pay) | |
| Age at Entry | 18 years | 47 years | 50 years |
| Age at Maturity | 28 years | 57 years | 60 years |
FAQs
What if you surrender before completion of the 5 years from commencement of the policy? Your fund value less discontinued charges will be moved to the 'Discontinued Policy Fund. The fund value corresponding to the 'Discontinued Policy Fund' will be paid out on the completion of the lock-in period.
What If you surrender after completion of the 5 years from commencement of the policy?Your fund value will be paid out
